Why Open a Company in the United States? Guide to saving taxes

How many taxes are you paying in your country every year? Have you considered whether you are truly investing your capital wisely or if your assets are protected from devaluation? If your answers are positive, it may be time to consider opening a company in the U.S.

What are the reasons to establish your business in the U.S.?

The United States leads global business creation and stands out for its accessibility to new markets. However, it is part of the top 10 countries with the greatest business opportunities according to The Economist 2024 Report.

• The GDP of a single state like Florida is four times greater than what countries like Colombia, Honduras, or Ecuador produce together.
• It is the market with the best opportunities for Latinos and 340 million potential customers with greater purchasing power.
• The U.S. has a well-developed business ecosystem that includes a wide range of industries and sectors. This facilitates collaboration, innovation, and business growth.
• The per capita market in the United States is one of the largest, providing access to a wide variety of financing options, from angel investors to venture capital and stock markets.
• The U.S. has a stable and well-established legal system that protects property rights and offers a favorable business environment. Additionally, U.S. laws provide a range of tax incentives and benefits for businesses.
• The U.S. is a global leader in innovation and technology in many sectors, offering opportunities to collaborate with leading companies, access highly skilled talent, and adopt the latest technological advancements and trends.
• The business system in the U.S. offers great flexibility in terms of business structure, labor and tax regulations, allowing entrepreneurs and business owners to adapt and grow efficiently.

Requirements to open a company in the United States:

To carry out the registration of an effective LLC, there are 4 crucial steps that you need to expand your business, in addition to representing a significant reduction in the taxes you pay in your country each year.

Before registering your company, determine what type of business entity is most suitable for your business.

• LLC (Limited Liability Company)
• LLC Partnership (Partnership)
• Corporation (Corporation)
• Sole Proprietorship (Disregarded)

Now, the basic requirements to open an LLC include:

• Identification document from the country of residence
• A physical address in the state of incorporation
• Availability of the company name
• At least one of the partners has a valid American visa to facilitate bank account opening

Benefits of opening a company in the U.S.

The U.S. has a dynamic business culture that fosters innovation, creativity, and entrepreneurship. Just like in most states, opening a company represents more benefits than risks, but you must consider so that your business is successful, here we explore some:

Protection of intellectual property: The United States has a solid legal system that protects intellectual property, providing security to companies that develop and market innovative products and advanced technologies.

Growth and scalability: The U.S. market offers significant opportunities for growth and scalability for companies. With such a large and diverse market, there is room to expand both nationally and internationally.

Political and economic stability: Despite occasional challenges, the United States remains one of the most stable and predictable economies in the world, providing security and confidence to investors and entrepreneurs.

Risks of operating a foreign LLC

Exchange rate risks: Operating in a foreign country entails being exposed to changes in the value of your assets and liabilities in foreign currency. This can affect the profitability of your business and increase the volatility of your financial results.

Difficulties in remote management: Managing a foreign LLC from afar can present additional challenges, such as time differences, language and cultural barriers, and difficulty supervising and controlling operations remotely. This can make effective decision-making and implementation of business strategies difficult.

Compliance risks: Operating a foreign LLC may require compliance with a wide range of local regulations, including labor, tax, environmental, and commercial standards. Non-compliance with these regulations can result in financial penalties, fines, and other legal consequences that can negatively impact the reputation and operation of your business.

You want your business to succeed, we share 8 consejos para una internacionalización exitosa de tu empresa.

Consider consultancy for LLC in the United States

Scheduling a consultation for the opening of your company through a consulting service can not only result in tax savings of up to 20%, but also guarantees the adoption of best practices during federal and state procedures.

For example, in many countries, including the United States, state entities require companies to file annual reports to maintain their active status. In the United States, this report is known as franchise tax or Annual report, and refers to the annual renewal of the entity before the state.

At Prodezk, we have more than 22 years of experience as strategic allies, we have formed more than 15,000 effective companies, and we are the most influential tax firm in Latin America. If you want to access our services, register your information in the form; soon, an advisor will continue your process of opening and registering your LLC.

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